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Mortgage Rates Rising Again | Real Estate News
Mortgage rates just dipped to 6.65%—but don’t celebrate yet, because they’re still higher than last year and could climb to 6.8% by year-end. Bond market volatility, fueled by inflation, government spending, and economic uncertainty, is pushing rates up. Homebuyers are feeling the squeeze as demand slows and inventory barely keeps pace with rising payments. Fannie Mae now predicts rates will hover between 6.7% and 6.8% through next year—no big drop in sight. Buyers may be better off acting sooner, while sellers are increasingly listing homes, accepting that a major rate plunge isn’t coming…
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